Wolverine Asset Management LLC bought a new stake in shares of General American Investors, Inc. (NYSE:GAM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,716 shares of the investment management company's stock, valued at approximately $338,000.
A number of other institutional investors and hedge funds have also modified their holdings of GAM. Janney Montgomery Scott LLC raised its stake in General American Investors by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock worth $535,000 after buying an additional 301 shares during the period. First Manhattan CO. LLC. grew its position in shares of General American Investors by 8.4% in the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock valued at $285,000 after purchasing an additional 434 shares during the last quarter. CWM LLC grew its position in General American Investors by 119.8% during the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock worth $67,000 after buying an additional 720 shares in the last quarter. First Trust Advisors LP raised its position in shares of General American Investors by 3.0% in the 4th quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock valued at $1,848,000 after buying an additional 1,051 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in General American Investors by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,745 shares of the investment management company's stock valued at $293,000 after buying an additional 1,418 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.
General American Investors Stock Performance
Shares of NYSE:GAM traded up $0.35 during midday trading on Thursday, hitting $59.36. 9,379 shares of the stock were exchanged, compared to its average volume of 21,471. The business's 50-day moving average price is $56.34 and its 200 day moving average price is $52.97. General American Investors, Inc. has a 12 month low of $41.80 and a 12 month high of $59.68.
About General American Investors
(
Free Report)
General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.
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